Business and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes.
Manchester-based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues.
The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass corporation is the creator of KYC automation for major global financial and professional service firms.
Chris Parry, managing director at Fortis Insolvency said “Evolving regulations, not least the new requirements of MLR 2017, are a challenge for many companies, a challenge that encompass verify enables us to meet head on.
“Automation makes the process considerably more efficient by enabling our compliance team to work at the high end of implementing the regulations, as well as freeing them up to investigate more complex cases.”
Wayne Johnson, CEO and co-founder, encompass said “Changing regulations now means that companies must look for efficiency if they are to be both fully compliant and remain competitive. By using robotic search to unearth all a KYC policy demands, processes are more efficient, resulting in faster and safer regulatory compliance.”
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